China's inflation improves in February

FXStreet (Bali) - China Consumer Price Index (MoM) came above expectations (0.8%) in February, with the actual at 1.2%, with the yearly read at 1.4% vs 0.9% expected.

Ahead of the data, the PBOC DepGov Yi crossed the wires, via Bloomberg, noting that "deflation risks in Japan and Europe were bigger than in China."

The improved inflation data may provide the PBOC some scope to hold off from further easing, although not necessarily.